Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 1.0100. The pair continues to move within the framework of the correction and the formation of the «Wedge» model. Moving averages indicate an uptrend. At the moment, we should expect an attempt to grow and test the resistance area near the level of 1.0200. Further, the continuation of the fall of the pair with a target below 0.9895.
USD/CHF Forecast and Analysis March 11 — 15, 2019
In favor of the fall of the pair Dollar/Franc will perform a test of the resistance line on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the model «Wedge». Cancellation of the option to reduce USD/CHF will be a strong growth and the breakdown of the 1.0255 area. This will indicate a breakdown of the upper limit of the model and the continued growth of the pair in Forex. Confirmation of the fall of the pair in the current trading week of March 11 — 15, 2019 will be a breakdown of the support area and closing of quotes below 1.0055.
USD/CHF Forecast and Analysis March 11 — 15, 2019 implies an attempt to test the resistance level near the 1.0200 area. Then the continuation of the fall of USD/CHF to the area below the level of 0.9895. In favor of the fall will make a test trend line on the indicator of relative strength. Cancellation of the option to reduce USD/CHF will be the breakdown of the resistance area and closing of quotes above the level of 1.0255. This will indicate continued growth of the pair with a potential target above the level of 1.0385.
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